India's clothing wholesale price index (WPI) fell by 0.9% in March
The annual inflation rate in India based on the monthly wholesale price index remained at 2.47% in March 2018, higher than the same period last year. According to the interim data released by the Office of Economic Advisers of the Ministry of Commerce and Industry of India, the clothing index fell by 0.9 percentage points in March to 137.8.
According to the data, the wholesale price index of all official commodities (base: 2011-12=100) increased by 0.2 half points in March 2018 compared with 115.8 last month, reaching 116.0.
In March 2018, the index of manufactured goods (64.23) increased by 0.4 half points to 115.7 compared with 115.2 in the previous month. As the prices of knitwear other than fur garments, sweaters and crochet garments (1% each) were lower, the sub-group index of “clothing manufacturing†fell by 0.9 percentage points compared to 139.0 in the previous month, reaching 137.8.
On the other hand, due to the increase in the price of viscose yarn, woven and crocheted fabrics, artificial yarns and woven and finished textiles (each accounting for 1%), the sub-group index of “textile manufacturing†increased compared to 113.7 in the previous month. 0.4 percentage points, reaching 114.1. However, the prices of fiber ropes, ropes, strings and woven nets, and textured and twisted yarns (each accounting for 1%) have fallen.
The index for basic items (22.62) fell by 0.5 percentage points from 128.0 in the previous month to 127.4. As the prices of LPG, crude oil, hybrids, bitumen, gasoline and blast furnace fuels fell, the index for oil and electricity (13.15) also fell by 0.1 percentage points to 98.0 compared with 98.1 last month. However, the price of petroleum coke and kerosene has increased.
(Source: Fibre2Fashion Textile and Apparel Information Network, China Textile Economic Information Network Xiao Kui Compilation)
Editor in charge: Xu Yuehua
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